Y Intercept Hong Kong Ltd bought a new stake in Amprius Technologies, Inc. (NYSE:AMPX – Free Report) during the first quarter, HoldingsChannel reports. The firm bought 164,224 shares of the company’s stock, valued at approximately $2,769,000.
Several other large investors have also recently bought and sold shares of AMPX. Quarry LP acquired a new position in shares of Amprius Technologies during the 3rd quarter worth approximately $42,000. Parallel Advisors LLC acquired a new position in Amprius Technologies during the third quarter worth $54,000. Leonteq Securities AG acquired a new position in Amprius Technologies during the fourth quarter worth $47,000. Summit Securities Group LLC bought a new stake in Amprius Technologies during the fourth quarter worth $54,000. Finally, Cambridge Financial Group LLC acquired a new stake in Amprius Technologies in the fourth quarter valued at $78,000. 5.04% of the stock is owned by institutional investors and hedge funds.
Amprius Technologies Stock Down 10.2%
Amprius Technologies stock opened at $11.76 on Wednesday. The stock has a market cap of $1.67 billion, a P/E ratio of -39.19 and a beta of 2.25. Amprius Technologies, Inc. has a twelve month low of $4.96 and a twelve month high of $24.23. The company’s 50-day moving average price is $17.01 and its two-hundred day moving average price is $14.72.
Insider Transactions at Amprius Technologies
In other Amprius Technologies news, CTO Constantin Ionel Stefan sold 3,208 shares of the company’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $17.19, for a total value of $55,145.52. Following the transaction, the chief technology officer directly owned 801,310 shares of the company’s stock, valued at $13,774,518.90. This represents a 0.40% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Donald R. Dixon sold 85,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $17.17, for a total value of $1,459,450.00. Following the transaction, the director owned 359,380 shares in the company, valued at $6,170,554.60. The trade was a 19.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 310,144 shares of company stock valued at $5,049,997. Company insiders own 5.10% of the company’s stock.
Analyst Ratings Changes
AMPX has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (e+)” rating on shares of Amprius Technologies in a research note on Monday, April 20th. Roth Capital reiterated a “buy” rating on shares of Amprius Technologies in a report on Friday, May 8th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price objective on shares of Amprius Technologies in a research note on Tuesday, March 10th. Wall Street Zen cut Amprius Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Northland Securities set a $24.00 target price on Amprius Technologies in a research note on Monday, May 11th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Amprius Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $21.67.
Get Our Latest Analysis on Amprius Technologies
Amprius Technologies Profile
Amprius Technologies, Inc (NYSE: AMPX) is a U.S.-based developer of high-energy-density lithium-ion batteries that leverage silicon anode technology to deliver performance levels beyond conventional graphite-based cells. The company’s batteries are designed to offer industry-leading gravimetric energy density, enabling longer run times and reduced weight for portable power applications. Amprius blends advanced materials science and scalable manufacturing processes to commercialize next-generation battery solutions.
At the core of Amprius’ product portfolio are cylindrical and prismatic cells that employ a proprietary silicon nanowire anode, which supports high charge/discharge rates while maintaining cycle life.
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